Jakarta, Pintu News – Pi Network rose nearly 3% on Wednesday (24/9) afternoon after falling for three consecutive days to hit a record low of $0.1842.
The daily price recovery is in line with net outflows from centralized exchanges (CEX) and PI reserves, as well as the start of the AI-based identity verification process. However, technical analysis still suggests that the downside potential could continue as long as selling pressure remains dominant.
Nicholas Kokkalis, co-founder of Pi Network, announced via a post on X on Tuesday that AI-based KYC verification is now live. With this update, Pi Network users known as Pioneers can open mainnet wallets without having to complete 30 mining sessions as was the previous rule.
Read also: Pi Network Slips on September 25, 2025 — Could a Rebound Be Ahead for Pi Coin?
🚀 Fast Track KYC is LIVE!
Now Pioneers can complete their Know Your Customer (KYC) process faster than ever – unlocking access to migration, ecosystem apps, and real utility. 🌍✨
✅ Many have already PASSED KYC 🎉
❓ Have YOU passed yet?
👉 If yes, drop a ✅ below!
👉 If… pic.twitter.com/Hy6V1ZY3tO
However, it is important to note that this KYC process only serves to activate the mainnet wallet, not to migrate PI tokens to the mainnet.
With new features and a relatively lower price, PiScan data shows that demand for PI is starting to increase. Wallet balances on the centralized exchange (CEX) recorded a net outflow of 1.94 million PI tokens in the last 24 hours (24/9), after an outflow of nearly 8 million tokens was reported the day before by FXStreet.
The two consecutive days of net outflows indicate that Pioneers are accumulating at a discount.
On the afternoon of September 24, the Pi Network (PI) price was trading above $0.2800 after falling 4% the day before. This intraday recovery signals an opportunity for further growth, after PI fell 19% on Monday (22/9).
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In case of a rebound, the price could potentially test the resistance trend line at $0.3220. To confirm the uptrend again, PI needs to break the 50-day Exponential Moving Average (EMA) at $0.3655.
However, the momentum indicator on the daily chart still shows a bearish trend. The Moving Average Convergence Divergence (MACD) moved into negative territory after cutting the signal line last Monday, with the red histogram continuing to rise, signaling stronger selling pressure.
Meanwhile, the Relative Strength Index (RSI) is at 29-still in the oversold zone-butstarting to move up. If the RSI breaks back above the oversold limit of 30, this could be an early sign of PI price recovery.
On the downside, if the downtrend continues, the S2 pivot level at $0.2387 is expected to be the immediate support area.
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